[video] Market Hustle: All Good for Now, Stocks Gain for Third Month
Written by: Jane Searle
Tickers in this article: IXIC ^DJ
- The S&P 500 closed 0.25% higher to 1,807.23 to extend the benchmark gauge's 2013 advance to 26.7%
- The Dow Jones Industrial Average rose 0.15% to 16,097.3
- The Nasdaq jumped 0.67% to 4,044.75 after closing above 4,000 yesterday for the first time in 13 years. A surge in tech stocks was led by Hewlett-Packard
, which soared 9.1% to $26.36 after beating analyst estimates with earnings of $1.01 a share on revenue of $29.1 billion.
- Fewer U.S. residents filed jobless claims last week than expected -- a sign of improvement in the labor market. Jobless claims for the week ending Nov. 23 fell to 316,000 or the lowest in two months. Expectations were for 330,000 claims.
- Consumer sentiment in the U.S. rose more than expected in November to 75.1, according to the University of Michigan. Expectations had been for a result of 73.5 up slightly from 73.2 in October.
Durable-good orders fell in October, reflecting a hit to confidence from the government shutdown. Bookings fell 2% to match expectations after a 4.1% rise in September. Durable-goods orders are a leading indicator of industrial production and capital spending.
Germany's DAX closed 0.66% higher while the FTSE was up 0.20%. The Hang Seng closed up 0.53% while the Nikkei was down 0.42%. Oil was off 1.51% to $92.27.
--By Jane Searle in New York